Remove 2019 Remove Greenwashing Remove Stranded Assets
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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

In a release Monday, Oil Change International placed the total at $50 billion since 2019. But as far back as 2019, it was not certain that LNG exports would replace coal, rather than being used side by side and delaying clean energy alternatives. I think we’ve got to be very careful about the LNG argument,” he told the Globe and Mail.

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Business-as-usual no Longer an Option for Banks

Chris Hall

So let’s set the record straight: these shareholder resolutions call for banks to adopt responsible guardrails for transition financing, and to insure against both greenwashing and over-exposure to risky lending practices. Proponents of the resolutions acknowledge the near-term need for fossil fuels.

Banking 98
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Glencore Abandons Coal Demerger at Investors’ Request

Chris Hall

In the statement it referred to metallurgical coal as “carbon steel materials”, drawing accusations of greenwashing. This leaves it heavily exposed to reputational, regulatory and stranded-asset risk, leading many investors to avoid it. For a carbon-intensive business, Glencore has relatively ambitious climate targets.